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5 points In the year ended February 2, 2019, Madi's reported cost of goods sold (before shrinkage) of $16.2 billion; February 2, 2019, inventory of
5 points In the year ended February 2, 2019, Madi's reported cost of goods sold (before shrinkage) of $16.2 billion; February 2, 2019, inventory of $8.7 billion; and ending inventory for the previous year (February 3, 2018) of $8.2 billion. Required: If the cost of inventory purchases was $17.1 billion, what was the cost of shrinkage during the year ended February 2, 2019? (Enter your answer in billions rounded to 1 decimal place.) eBook Cost of Shrinkage References billion
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